Glenmark Pharmaceuticals Sees Surge in Open Interest Amid Stock Performance Challenges

May 28 2025 03:00 PM IST
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Glenmark Pharmaceuticals Ltd. has seen a notable rise in open interest, reaching 41,888 contracts, alongside a trading volume of 27,228 contracts. Despite this activity, the stock has declined over the past five days and is trading below key moving averages, with a market capitalization of Rs 39,305.00 crore.
Glenmark Pharmaceuticals Ltd. has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 41,888 contracts, up from the previous open interest of 35,164 contracts, marking a change of 6,724 contracts or a 19.12% increase. The trading volume for the day reached 27,228 contracts, contributing to a total futures value of approximately Rs 75,402.41 lakhs.

Despite this uptick in open interest, Glenmark Pharmaceuticals has faced challenges in its stock performance. Over the past five days, the stock has declined by 4.03%, and it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a decrease in delivery volume, with a reported delivery volume of 1.62 lakhs on May 27, down 58.29% compared to the 5-day average.

With a market capitalization of Rs 39,305.00 crore, Glenmark Pharmaceuticals remains a significant player in the Pharmaceuticals & Biotechnology sector. The recent increase in open interest may indicate a shift in market dynamics, warranting close observation of future developments.
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